London property is back in vogue as a return to the office fuels demand for homes in the UK capital.
The jump represents a turnaround for the London property market, which underperformed other parts of the country during the pandemic. Now, with restrictions ending and many firms asking workers to spend part of the week in the office, buyers are looking to live within a “comfortable” commuting distance.
The buoyancy of London was mirrored countrywide, where asking prices rose 2.3%. That’s an increase of £7,785, the most in at least two decades of reporting by Rightmove. Annual growth rates in London and the UK as a whole are running at their fastest pace since the middle of the last decade.
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